Abu Dhabi Real Estate Market Report Q2 2020
The second quarter of 2020 started while the country was still in lockdown. Although, the government has taken several steps to ﬂatten the curve, but they have adversely aﬀected the economy. With Expo 2020 along with all the major events either postponed or canceled, the government is now trying to stabilize the economy and has allowed businesses to resume operations. The impact of these measures is yet to be ascertained as by the end of Q2 the real estate industry only exhibited a decline in all areas.
The drop in sales and rent prices in Abu Dhabi is 2.3% and 0.71% respectively. Rent prices continue to decline at a slower pace when compared to sales prices. This would be due to a smaller supply-demand gap when compared to Dubai.